In a surprising turn, the US and China have agreed to de-escalate their trade war, with the US significantly reducing tariffs on Chinese goods. Beijing responded by lowering its tariffs on US products.

The leaders of the three largest economies in the region travel to Beijing to participate in a summit with the Asian giant. During the week in which China boasts of having achieved that Donald Trump backed down in his trade war after reaching an agreement to suspend most tariffs,

China and US have also agreed to take "aggressive" measures to curb the flow of fentanyl, which could then result in the elimination of the extra 20% levy.